Quotes & Sayings About The Housing Market

The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007. — James Surowiecki

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years. — Alan Greenspan

A global financial cabal engineered a fraudulent housing and debt bubble [2008], illegally shifted vast amounts of capital out of the US; and used 'privatization' as a form of piracy - a pretext to move government assets to private investors at below-market prices and then shift private liabilities back to government at no cost to the private liability holder Clearly, there was a global financial coup d'etat underway. — Catherine Austin Fitts

Although not well known outside Wall Street, Freddie Mac and its corporate cousin, Fannie Mae, are two of the world's largest financial institutions and play a crucial role in the housing market. — Alex Berenson

Our economy isn't going to recover until the housing market finds its footing. — Mark Zandi

The impact of the downturn is starting to feel very real. House prices and the housing market have been taking the knock for some time and that's affecting people. — Lucy Powell

While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S. — Ben Bernanke

Well, Mark, I led the charge for five or six years to get reforms for Fannie Mae and Freddie Mac. I was chairman of an organization called 'FM Policy Focus.' What we were saying was, if there was blip in the housing market, Fannie and Freddie would destabilize the greatest economy in the world. — J. C. Watts

Contrary to the vision of the left, it was the free market which produced affordable housing - before government intervention made housing unaffordable. — Thomas Sowell

There's only one way America's neighborhoods will begin to integrate: people have to want it more than vested public and corporate interests are opposed to it. And more people should want it. Mixed-race, mixed-income housing is a product we need to market. It's the only real solution to segregated schools, for one. (140) — Tanner Colby

The glue that kept the consumer market together the last few years was the wealth effect from the housing boom. — Joel C. Rosenberg

What we see out there is an affordable housing crisis, particularly in the rental market in cities big and small, and we don't have the resources necessary to fill that gap. — Julian Castro

President Obama has basically avoided or not done any attempt to intervene in any positive way in the housing market. I think in the financial crisis that's been a shame. — Glenn Hubbard

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy. — Mark Zandi

So much value has been lost in the housing market that people are now buying. If there's any activity in the housing market, it's because values have plummeted to such depths that the 47% can now afford to live in a government-purchased house, or something like that. — Rush Limbaugh

A brick could be crushed into powder, like cocaine, and snorted to stimulate the previous highs of the housing market. — Jarod Kintz

Value #1: Reality Huh? Isn't every business based on reality? In fact, isn't everything based on reality? Actually, no. Lehman Brothers, Bear Stearns, AIG (American International Group), IndyMac, Washington Mutual, Countrywide, and all the other banks that blew themselves to smithereens in 2008 weren't basing their businesses on reality. They were basing their businesses on sheer fantasy, wish, and whim - and an unhealthy dose of greed, the most unrealistic thing of all. They believed the housing market would always go up. Credit markets would never be illiquid. People with no jobs could pay back their mortgages. — Donald Luskin

Study after study, not only here but in other countries, show that the most affordable housing is where there has been the least government interference with the market - contrary to rhetoric. — Thomas Sowell

After political crusades for 'affordable housing' ended up ruining the housing market and much of the economy with it, many of the same politicians are now carrying on a crusade for 'affordable health care.' But what you can afford has absolutely nothing to do with the cost of producing anything. Refusing to pay those costs means that you are just not going to continue getting the same quantity and quality - regardless of what any politician says or how well he says it. — Thomas Sowell

Not to mention the fact that the belief in conspiracy theories is already a form of conspiracy theory in itself. It's to me not quite clear on what basis you would assume that one conspiracy is no conspiracy, and the others are. Capitalism drives on conspiracy theories as well: they believe in a certain power that creates a "free market" and that you can sit and grow forever on finite resources. This newspaper article obviously did not mean 'conspiracy theory' but 'urban legend', because the question if there are ufos landing on earth and whether you want to believe this seems to have little to do with conspiracy. And whether that is an urban legend worthy of belief is not undisputed. I think people who believe in such things are actually less illogical than people who believe housing associations are useful. — Martijn Benders

There are only a few absolute truths in finances, like the fact that if you spend less than you make and have no debt, you're creating wealth. Another is that the housing market is cyclical. — Celso Cukierkorn

The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses. — Mark Zandi

Unfortunately, throughout the housing crisis we've seen innocent homeowners who have been victims of shady mortgage lenders and unscrupulous individuals who have used a down market to line their own pockets at the expense of others. This bill is designed to send a message by revising our laws to ensure criminals are brought to justice and that law enforcement has the tools to uncover these fraudulent schemes and go after the bad actors. Criminals should be put on notice that ripping off homeowners and taxpayers won't be tolerated. — Chuck Grassley

Fannie and Freddie made two-thirds of all subprime mortgages. That is not a free market institution. That entity, along with the Fed printing too much money back in '03 and '04, caused the housing collapse. So we need to take free markets seriously. That means we have to put an end to all these tax credits and tax deductions and loopholes. — Dave Brat

Although housing sales and starts have cooled to more typical levels, the housing market remains strong and sound. Without the expansion of homeownership and the strength of our housing market, our nation would not have the economic growth we are experiencing today. — Randy Neugebauer

Oil replacements and then efficiencies in engines and housing and the way we build houses is a very interesting market. — Vinod Khosla

If you look at what's happened to the stock market, if you look at what's happened to housing values, if you look at what's happened to bank loan portfolios because the value of their other assets that they've already issued loans against were going down, there was a pretty good argument for trying to pass something at about this level of investment with the divisions as they were - unemployment, food stamps, and tax cuts, aid to education and healthcare, and job creation. — William J. Clinton

Obsession with the market seem to prevent ministers looking at the huge problem and all its ramifications in health, education and employment that come from the housing insecurity that too many face. — Jeremy Corbyn

If you like what Wall Street did for the housing market, you'll love what Wall Street is doing for commodities, Goldman's ability to influence any portion of the price for a key component of the industrial economy is simply unacceptable. — Carl Levin

In 2007, in the early 2007, everybody saw the housing market was falling, and at any given moment a lot of people thought it was going to fall more, and a lot of people thought it was going to rebound. You just didn't know. — Lloyd Blankfein

Once the housing market begins to recover, I would phase out the mortgage tax deduction. — Joshua A. Tucker

With all the challenges in the housing market, it's clear we need a new vision for the way we design our homes, our communities-and even our lives. — Sarah Susanka

The housing market will get worse before it gets better. — James Wilson

Mitt Romney and I don't agree on every issue and certainly housing is one of them. When you look at what is going on here in Southern Nevada, you can't say you got to let the housing market hit bottom. We have been bouncing along the bottom for years. And the fact is we have to do everything possible to: 1) keep people in their homes and 2) get people who are out of their homes back into their homes. — Joe Heck

Poor families are living above their means, in apartments they cannot afford. The thing is, those apartments are already at the bottom of the market. 24 Our cities have become unaffordable to our poorest families, and this problem is leaving a deep and jagged scar on the next generation. — Matthew Desmond